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with other ways to reduce costs including abandoning retiree health care and passing a higher sales tax. >> we have made drastic reductions in our workforce which again reduces the liability we would have for the pensions going forward. we have also made drastic reductions in the actual pay that our employees receive. >> the detroit decision paves the way for at least one creditor and a coalition of lenders. >> we lost our medicals, we've taken a hit. it's not like let's say all the creditors taken a hit but the employees didn't, we did, we took a big hit. >> it's become a complicated matter one for alfred and those like him across the country who face a less secure and cozy future. melissa chan, al jazeera, stockton, california. >>> nearly five years ago, to save the struggling auto maker but that cost the american taxpayers. the taxpayers paid $50 billion to recoup gm but recovered only about 39 billion. that was less than it would have cost the country, says the government, to let gm go under. >>> the new violence for brazil and the safety fears for the game. >>> plus fizzled out, th
with other ways to reduce costs including abandoning retiree health care and passing a higher sales tax. >> we have made drastic reductions in our workforce which again reduces the liability we would have for the pensions going forward. we have also made drastic reductions in the actual pay that our employees receive. >> the detroit decision paves the way for at least one creditor and a coalition of lenders. >> we lost our medicals, we've taken a hit. it's not like let's say...
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come up with other ways to reduce cost, including abandoning employee health care and passing a sales tax. >> we have made drastic reductions in our sales force which reduces the liability for the peptions going forward. we have also made drask are reductions in the pay our glows really proceed. >> go after stockton's pension fund, an unlikely prospect for retired stockton city workers. >> we've already lost our medicals, we've taken a hit, others didn't but we did, take a big hit. >> it's become a complicated legal matter but one to follow closely for alfred and others like him across the country. melissa charn, al jazeera, stockton, california. >>> a huge deal has got passengers asking, will air flight be more expensive? american airlines and u.s. airways have completed their merger. four airlines now control 80% of the country's flights. david shuster is sitting in for ali velshi who is leading our team in johannesburg. dave, good to talk to you. what does the airline sector look like after this deal? >> tony, the latest round of consolidation began in 2005, american eagle, delta, nort
come up with other ways to reduce cost, including abandoning employee health care and passing a sales tax. >> we have made drastic reductions in our sales force which reduces the liability for the peptions going forward. we have also made drask are reductions in the pay our glows really proceed. >> go after stockton's pension fund, an unlikely prospect for retired stockton city workers. >> we've already lost our medicals, we've taken a hit, others didn't but we did, take a big...
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it raised taxes on higher income earners. it's been by extracting more from the american people and not by the government controlling it's out of control spending. >> raised payroll taxes to where it was for decades before they were cut in an emergency. >> but to american families, that now decreased the amount of money that they bring home. >> when you look at healthcare costs, social security and pension, that's where all the growth is. healthcare is the biggest driving factor. with that we're cutting roads, highways, education, medical research, the things that we ought to be investing in because we're holding sacrosank for folks my age. which i appreciate very. but to end the deficit we need growth. economic growth. that's why we had surpluses at the end of the clinton administration, because we had growth. part of the reason the deficit is likely to come down the future to some degree is because the economy looks better over the longer term than we thought it was going to be. but you still have to make these tough politi
it raised taxes on higher income earners. it's been by extracting more from the american people and not by the government controlling it's out of control spending. >> raised payroll taxes to where it was for decades before they were cut in an emergency. >> but to american families, that now decreased the amount of money that they bring home. >> when you look at healthcare costs, social security and pension, that's where all the growth is. healthcare is the biggest driving...
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young people have been big victims with government getting bigger, taxes going up, what do you find in europe? very, very high levels of youth unemployment. hello? same thing's now happening to america's young people. i think the lack of upward mobility is a huge stachallenge, nots just for young people, for lower income people generally and obama thinks the answer is to make government bigger. >> that's, i think, what caused the problem. >> i want to get to that in a moment. david, based upon what we have seen, it seems he is not concerned about the did he hade let's listen to that. >> we should not be stuck in a stale debate from two years ago or three years ago. a relentlyly growing deficit of opportunity is a bigger threat to our future than our rapidly shrinking fiscal deficit. >> david, rapidly shrinking, the deficit is going down. $17 trilli $17 trillion debt and a deficit higher than the one he received from his predecessor? >> the debt is higher. we would be in much better economic shape and young people would have better job opportunities if we weren't shrinking so fast. we h
young people have been big victims with government getting bigger, taxes going up, what do you find in europe? very, very high levels of youth unemployment. hello? same thing's now happening to america's young people. i think the lack of upward mobility is a huge stachallenge, nots just for young people, for lower income people generally and obama thinks the answer is to make government bigger. >> that's, i think, what caused the problem. >> i want to get to that in a moment. david,...
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. >> the united states supreme court is staying out of state internet sales taxes. today the justices rejected an appeal regarding a new york law that requires companies to collect state taxes. amazon and overstock.com fought back and instead they brought broader federal legislation to collect from online retailers $1 million from south of state bills. the bill passed the united states senate but remained stuck in the house of representatives. that is even a bigger problem for the company given that there will not be any relief at the supreme court. two months and 400 software bugs later the obama administration said the self-imposed deadline for fixes healthcare.gov has been met for the most part. but it's the glitches that some cannot see that has consumers worried. >>> and trading your money in your 401k. some analysts believe it's a great way to increase your nest egg. others say its gambling with your golden years. it's "real money." stay tune. (vo) al jazeera america we understand that every news story begins and ends with people. >> the efforts are focused on
. >> the united states supreme court is staying out of state internet sales taxes. today the justices rejected an appeal regarding a new york law that requires companies to collect state taxes. amazon and overstock.com fought back and instead they brought broader federal legislation to collect from online retailers $1 million from south of state bills. the bill passed the united states senate but remained stuck in the house of representatives. that is even a bigger problem for the company...
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and you don't have to pay sales tax. you are saving a lot of money. >> there are other overhead costs that retailers save on that gives consumers costs. >> you don't see any major impacts on online shopping in the future. >> it remains to be seen, whether consumers flock to the bricks and mortar stores because of this issue. >> they say it's a fairness issue, they shouldn't be undermined by the online retailers who don't pay tax issues. tonnes of people, 140 million went shopping. i was not one, fortunately. sales down 2.9% from last year. >> not the outcome retailers hoped for. the holiday creep went into unprecedented territory, stores opening on thanksgiving. macy's for the first time in 155-year history opened on turkey day. it really didn't produce the sales that retailers hoped for. >> you wrote a column "how black fridayate thanksgiving and destroyed"", saying that by moving the sales into thanksgiving, not only did they roou join the holiday, but it didn't seem like sales went up. >> people showed up on thanksgiv
and you don't have to pay sales tax. you are saving a lot of money. >> there are other overhead costs that retailers save on that gives consumers costs. >> you don't see any major impacts on online shopping in the future. >> it remains to be seen, whether consumers flock to the bricks and mortar stores because of this issue. >> they say it's a fairness issue, they shouldn't be undermined by the online retailers who don't pay tax issues. tonnes of people, 140 million went...
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and there are a number of tax provisions set to expire at the end of the year. congress often comes in and goes back and deals with some of that unfinished business, but they would love to get it done now. also the farm bill, that includes the food assistance program, or snap, and the defense bill. the national defense authorization act. and budget negotiations, stephanie. this is one that everyone is watching. because the last time congress couldn't come to terms we saw that government shut down back in october. they would like to get some work done now to get some ground work laid, stephanie. >> a lot of important stuff to deal with and not a lot of time. libby thank you. >>> mexican authorities are searching for a stolen truck carrying extremely dangerous radioactive material. it was taken on monday. it's not clear how much of the material was in the truck or who may have stolen it. cobalt 60 is used in cancer treatments but could also be used in a dirty bomb. >>> vice president joe biden is in china, but they haven't spoken publicly about the air defense zon
and there are a number of tax provisions set to expire at the end of the year. congress often comes in and goes back and deals with some of that unfinished business, but they would love to get it done now. also the farm bill, that includes the food assistance program, or snap, and the defense bill. the national defense authorization act. and budget negotiations, stephanie. this is one that everyone is watching. because the last time congress couldn't come to terms we saw that government shut...
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and also to the treasury department so that any appropriate tax credits can be submitted to the insurance company for appropriate information. >> so that interaction between the federal and your state had to work in order for people to make a successful purchase, is that right? >> that's correct. one of the things that connecticut has done, however, we reduced the number of service calls required by 50% up front because we've always wanted to be as self reliant as possible. >> now they're talking about the possibility of errors that go as far as people who think they've completed enrolled. are you worried of people showing up at the doctors after the first legal day after january 31st, and finding out they don't have healthcare insurance? >> we're actually not worried about that. we've been testing the 834 file transmissions with the health plans beginning last summer, and we're very confident that that will not happen or should not happen. >> do you also rely on the federal government to pay some of the credits towards full coverage that some of your connecticut citizens are eligible to
and also to the treasury department so that any appropriate tax credits can be submitted to the insurance company for appropriate information. >> so that interaction between the federal and your state had to work in order for people to make a successful purchase, is that right? >> that's correct. one of the things that connecticut has done, however, we reduced the number of service calls required by 50% up front because we've always wanted to be as self reliant as possible. >>...
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it would control its own schools with its own tax revenue. >> this is not trying to start a new city, it's about education? >> 100% because of education. we didn't come in saying we wanted to create the fifth largest city in the state of louisiana we want to take charge of the schools in our area. >> a report commissioned by the baton rouge area said it could cost the city at large $53 million, 20% of its budget and further segregate the city. >> now we would have white kids going to school over here on this end of the parish, white kids going to school on the other end of the parish and in the middle you would just have the black kids going to school. >> there's also a major income disparity. residents in the city make an average much $58,000 a year. while residents in the st. george area make $90,000. >> does that take us backwards where we're segregating ourselves again? i don't see it as a win. >> both the white and black in baton rouge, those looking to break away say it's not race, but education. >> this has nothing to do with skin color. if you have the means to leave bbaton ro
it would control its own schools with its own tax revenue. >> this is not trying to start a new city, it's about education? >> 100% because of education. we didn't come in saying we wanted to create the fifth largest city in the state of louisiana we want to take charge of the schools in our area. >> a report commissioned by the baton rouge area said it could cost the city at large $53 million, 20% of its budget and further segregate the city. >> now we would have white...
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>>> taxing online sales. the supreme court has its say. >>> federal investigators are now looking at the black boxes of a train that derailed in new york city on sunday. they want to know what caused the train to jump the tracks, killing four people and injuring dozens more. crews cleared the tracks so service could resume on one of the busiest train lines. jonathan, good afternoon. how are the cleanup efforts going right now? >> well, stephanie, i would say crews are on the final stretches of work, at least here on the scene they brought on a out a cadaver dog. they uprighted most of the cars at this point. this is the final car. if you can see through the bushes here you'll see that final car there. they were just able to upright with these large cranes that they've been using and they've been hauling the other cars away. in fact the one you've been looking at, the earlier video, this is the car that was just inches from the water, where near where the hudson and harl rivers meet. that fourth person found i
>>> taxing online sales. the supreme court has its say. >>> federal investigators are now looking at the black boxes of a train that derailed in new york city on sunday. they want to know what caused the train to jump the tracks, killing four people and injuring dozens more. crews cleared the tracks so service could resume on one of the busiest train lines. jonathan, good afternoon. how are the cleanup efforts going right now? >> well, stephanie, i would say crews are on...
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point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to get everything that she wants. >> what if they reject it. >> i think we'll pass there though the house. we'll go first given our schedules. we'll post this on our website this evening and we intend to bring it to the house floor later this week. i have every reason to expect great support from our caucus. we're keeping our key principles. no one here had to sacrifice their core principles. our principles are don't raise taxes, reduce the deficit. we also have a lot of concerned members about defense. the next hit was going to hit solely on the m
point number two, there are no tax increases here. point number three, we're finally starting to deal with auto pilot spending. that mandatory spending that has not been addressed by congress for years. this isn't easy. this is the first divided government budget agreement since 1986. the reason why we haven't done a budget agreement when both houses were controlled by other parties since 1986 is because it's not easy to do. we're not going to get everything that we want and she's not going to...
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issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to yourself? and you'll get... the inside story ray suarez hosts inside story weekdays at 5 eastern only on al jazeera america >> michael eaves is here with sports. kind of a shake up in coaching ranks in one nba team. >> not one you would expect at this point in the season. >> the expectations were high because as a player kid was considered to have the highest basketballisbasketball iq in the nets made a change to the coaching staff today. >> it's lawrence frank who has been reassigned to a role where he will no longer attend practices or games there was reports that there was growing tension between frank and kidd. they called the move a
issue education... gun control... the gap between rich and poor... job creation... climate change... tax policy... the economy... iran... healthcare... ad guests on all sides of the debate. >> this is a right we should all have... >> it's just the way it is... >> there's something seriously wrong... >> there's been acrimony... >> the conservative ideal... >> it's an urgent need... and a host willing to ask the tough questions >> how do you explain it to...
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he owned his home, paid his taxes and had just gotten his green card. when we spoke to him he had been in pearsall for nearly a year waiting for a final hearing. >> even prison we get contact visit. in prison you can go and have contact visit. but we only see through glass and about that thick of glass you know. and sometime me and hope she would put her hand on the glass, and i would knock so she could feel me knocking. >> just days after this conversation we heard some good news. naz was unexpectedly released and his deportation recommendation was cancelled. after hearing his story during our interview . >> and now a techknow minute...Ñ >> we have strengthened border security. beyond what many believed was possible. they wanted more agents at the border. we now have more boots on the ground at the southwest border than at any time in our history. >> in an election year, the need to ramp up border enforcement has become a mantra among republicans and democrats alike. back in the rio grande valley, the men captured by border patrol had been taken to a
he owned his home, paid his taxes and had just gotten his green card. when we spoke to him he had been in pearsall for nearly a year waiting for a final hearing. >> even prison we get contact visit. in prison you can go and have contact visit. but we only see through glass and about that thick of glass you know. and sometime me and hope she would put her hand on the glass, and i would knock so she could feel me knocking. >> just days after this conversation we heard some good news....
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is theris their information safs there information about the tax subsidies. you're told if eligible for tax subsidies, and a lot of increasing traffic over the next three weeks between now and december 23rd. you got to enroll by december 23rd online or elsewhere if you're going to be covered by january 1st when the law kicks in. >> all those procrastinators will start to enroll. mike viqueira live, mike, thank you. >> meteorologist: i'm meteorologist dave warren. the problem is in the southern plains. wichita is just above a quarter mile visibility that has caused a number of road accidents along 45 and 40. headlights barely visible, and that's because of visibility is down. it could be clear and then you run into dense fog. so take your time on the roadways there. the radar plus the cloud shows that it's clear. it's the low clouds and fog in place here. but the radar plus clouds is changing in the northwest. as the storm moves in it will impact weather across the country. and we'll have all the details coming up on the national forecast. >> thank you. coming
is theris their information safs there information about the tax subsidies. you're told if eligible for tax subsidies, and a lot of increasing traffic over the next three weeks between now and december 23rd. you got to enroll by december 23rd online or elsewhere if you're going to be covered by january 1st when the law kicks in. >> all those procrastinators will start to enroll. mike viqueira live, mike, thank you. >> meteorologist: i'm meteorologist dave warren. the problem is in...
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things relating to the tax code they will come back and take care of them as the year gets started but that's why people are calling things like the dairy cliff an important issue. $7 for a gallon of milk is something that americans will not be happy with and they are hope that they will come some sort of bills. >> congress is under fire, for not being very productive in the last year. >> reporter: that's right. it's being called the do-nothing congress from many quarters because of the small number of actual laws that they have been able to pass. we saw them push back today, a lot of blame getting thrown out around. and john boehner pointed the finger at democrats and the counterpoint from president obama and other democrats saying there needs to be more bipartisanship and the republicans are the cause of trouble here in washington. but a lot of issues have been on the table for a long time. the farm bill has been in talks for months and a couple of key issues keep getting in the way and republicans and democrats cannot agree on them. one example is food stamps. there are cuts on the
things relating to the tax code they will come back and take care of them as the year gets started but that's why people are calling things like the dairy cliff an important issue. $7 for a gallon of milk is something that americans will not be happy with and they are hope that they will come some sort of bills. >> congress is under fire, for not being very productive in the last year. >> reporter: that's right. it's being called the do-nothing congress from many quarters because of...
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riddle me this, when is a fee increase, ginger, not a tax. >> it's not a tax when republicans support it. they're trying to craft increases in fees more revenue into the budget that republicans can get hyped who said no new taxes. some of this is expanding the base more people paying a fee by giving more access. increases and fees that have not been addressed in a long time. we don't know which ones specifically they'll sign off on. >> ginger, where is the trouble likely to come from, the left? the right? >> reporter: it will come from both sides. paul ryan will have to make a hard sale to republicans in his caucus. it's not clear whether or not the majority of republicans would back any deal. most of them oppose any extra spending, and democrats in the senate who think that tax increases should be included and it shouldn't have any cuts to programs that they see as vital to the american people. >> this is a small deal not the grander bargain that has been talked about ad nauseam. is this kicking the can down the road because it can't make a big dial? >> reporter: not the grand bargai
riddle me this, when is a fee increase, ginger, not a tax. >> it's not a tax when republicans support it. they're trying to craft increases in fees more revenue into the budget that republicans can get hyped who said no new taxes. some of this is expanding the base more people paying a fee by giving more access. increases and fees that have not been addressed in a long time. we don't know which ones specifically they'll sign off on. >> ginger, where is the trouble likely to come...
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other states might start taxing internet sales. amazon currently collects sales taxes for new york and 15 other states. >> you celebrated thanksgiving, shopped on black friday and went wild on line on cyber monday. charities hope you will commemorate giving tuesday, a a campaign to start a national day in giving and celebration of charitable activities. >> giving tuesday is global. together, we are creating a conversation about how each of us gives back. this tuesday, december 3, lead by example, and the world will follow. >> joining us to explain this movement is vice president of communications with the united nations foundation. he's in washington this morning. thanks for being with us and good morning. what exactly is giving tuesday? >> giving tuesday is a probably movement, a chance for people everywhere around the world to celebrate how they give back and for us to restart the giving season. as you said, we've got days for getting deals. we've been talking a lot about shopping. people in the united states of america and aroun
other states might start taxing internet sales. amazon currently collects sales taxes for new york and 15 other states. >> you celebrated thanksgiving, shopped on black friday and went wild on line on cyber monday. charities hope you will commemorate giving tuesday, a a campaign to start a national day in giving and celebration of charitable activities. >> giving tuesday is global. together, we are creating a conversation about how each of us gives back. this tuesday, december 3,...
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he compared it to the united states, they need to do much more and they don't have the middle class tax base in which to do it. it is not being felt equally across the population, and i will say this: folks who are rich in south africa are richer today than they were at the end of apartheid and there are more rich people including a growing black wealthy upper class joie. >> you mentioned safety, security, those are long standing issues johannesburg. with the world coming to the stage and so much preparation underway for the big events over the next couple of days can you talk to us about the security questions and how that fits in now? >> yeah. so there won't be as many people as were here for world cup in 2010. you know south africa really had that worked out. they did a great job of keeping this place safe and secure. there will be more world leaders however and they will all be in one place. it will be the stadium in which the last game of the final game of the world cup was played. by the way, the place where nelson mandela was last seen in public. it is supposed to last four hours
he compared it to the united states, they need to do much more and they don't have the middle class tax base in which to do it. it is not being felt equally across the population, and i will say this: folks who are rich in south africa are richer today than they were at the end of apartheid and there are more rich people including a growing black wealthy upper class joie. >> you mentioned safety, security, those are long standing issues johannesburg. with the world coming to the stage and...
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it's serious to the point of all the money that the city of detroit takes in to their tax receipts and revenue, $0.40 on the dollar has to go as far as dealing with the debt that detroit has accumulated. if they did nothing that proportion would go up to $0.65 on the dollar. that is money that could not be spent on garbage collection, firefighting, and police. it's eating up a huge portion of the money that detroit wants to spend to rebuild the city. >> how could--what we are seeing and have seen in detroit, ripple out elsewhere? >> it could have an effect because there are cities that are considering a bankruptcy type of format because they are also in the red. if detroit is able to do this by cutting back on pensions that workers were promised or taking it to the unions you might see some other cities follow suit and say it worked for motown. perhaps the city of chicago, we'll talk to somebody on our show on that city. a lot of people are watching this very closely as a way to cut back on pension obligations. some are heading to federal court. >> what else are you working on? >> we h
it's serious to the point of all the money that the city of detroit takes in to their tax receipts and revenue, $0.40 on the dollar has to go as far as dealing with the debt that detroit has accumulated. if they did nothing that proportion would go up to $0.65 on the dollar. that is money that could not be spent on garbage collection, firefighting, and police. it's eating up a huge portion of the money that detroit wants to spend to rebuild the city. >> how could--what we are seeing and...
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the application is filled out with all the information, how much they're going to pay, tax credits they may be eligible for, but the insurance companies are not getting the correct information. here is white house spokesman jay carney. >> we have instituted a number of fixes to the so-called 834 forms, that's the vehicle by which information is transmitted to the issuers. and we believe that the majority of fixes to 834 forms have been made including significant ones made over the weekend. we expect the info to be vastly improved. we'll continue to work with issuers to make sure whatever remaining problems exist are addressed and fixed. >> and given all of those problems that still exist, still yet to be fixed the administration officials still say between now and comparing it to october 1st two months ago is night and day. >> mike viqueira at the white house, thank you. >>> young people are crucial if the affordable care program is to work by purchasing coverage younger people will help offset costs of older people who rely on healthcare services. 37% of those questioned say they're un
the application is filled out with all the information, how much they're going to pay, tax credits they may be eligible for, but the insurance companies are not getting the correct information. here is white house spokesman jay carney. >> we have instituted a number of fixes to the so-called 834 forms, that's the vehicle by which information is transmitted to the issuers. and we believe that the majority of fixes to 834 forms have been made including significant ones made over the...
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in argentine the government collects taxes and distributes to the opposition. it is collected by of the opposition, cristina fernandez de kirchner is accused of tolding the funds back. >> the arrival of argentine president cristina fernandez de kirchner had complained that her government denied appeals for reinforcements. and accused cristina fernandez de kirchner of shortchanging provinces. >> translation: there exists autonomy. public security is one of these. the matter has to do with salaries. >> the governor claimed the police walked off the jobs in retaliation for his decision to shut down more than 100 brothels paying off corrupt officers. the police began returning to work after they were offered salary increases and bonuses making then the best paid in the country. >> i want to tell the people that from this moment the police force returns to the service of the people of kordova. >> the governor vowed to travel to the capital to depend they stop playing politics with his money. >> the provincial grandfather ner blamed the violence. and prime minister s
in argentine the government collects taxes and distributes to the opposition. it is collected by of the opposition, cristina fernandez de kirchner is accused of tolding the funds back. >> the arrival of argentine president cristina fernandez de kirchner had complained that her government denied appeals for reinforcements. and accused cristina fernandez de kirchner of shortchanging provinces. >> translation: there exists autonomy. public security is one of these. the matter has to do...
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that's the amount of tax dollars spent supplementing the wages of bank bank tellers. a third of bank-tellers had to rely on assistance. >> last year tellers had a median salary of $24,100. that's about $11.39 an hour. >> welcome back to al jazeera america. >>> the obama administration is looking to undo the damage to the affordable care act's image done by the problems, of course, with the problem plagued website. in a moment we'll look at what the president needs to do during his campaign to accomplish that. >> first let's look at the temperatures across the nation. metrologist nicole mitchell is here. >> we have a contrast once we get to the southern plains today - going to the 20s or 30s. houston is at 71. this is where it's really gotten brutal. single-digit temperatures. adding in the wind. feels like 30 below. this is going to be a spreading sign over the weekend. the wind chills that are really brutal out there. the cold air will settle and over the next couple of days the warmer spots in the south - innocently it while you have it. although not the negatives.
that's the amount of tax dollars spent supplementing the wages of bank bank tellers. a third of bank-tellers had to rely on assistance. >> last year tellers had a median salary of $24,100. that's about $11.39 an hour. >> welcome back to al jazeera america. >>> the obama administration is looking to undo the damage to the affordable care act's image done by the problems, of course, with the problem plagued website. in a moment we'll look at what the president needs to do...
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want more than a new election, they want the government rid of yingluck shinawatra and any kind of tax and regime influence as they say. this is something that is right through the last two weeks and any influence that the ruling party has because of the connection to the yingluck shinawatra the prime minister in exile and they got elections to take place in the next five to six weeks the leader of the antigovernment union saying that is not enough and spoke before we came on air but will speak again on the stage behind me in the coming hours. this is a big rallying speech because this is the final day of this type, this phase if you will of this movement. it will be interesting to see how they transition after they spend the night and transition into more of a political fight and sounds like the protest leader says they have done this part of it and gone to the street and proven their point this way and getting the goal of the resignation of the prime minist minist minister yingluck shinawatra is the big question. >> reporter: since 2001 the pew thai party has won't every election and
want more than a new election, they want the government rid of yingluck shinawatra and any kind of tax and regime influence as they say. this is something that is right through the last two weeks and any influence that the ruling party has because of the connection to the yingluck shinawatra the prime minister in exile and they got elections to take place in the next five to six weeks the leader of the antigovernment union saying that is not enough and spoke before we came on air but will speak...
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. >> that's when they might face the tax penalty. california is seeing early success. can that be replicated? >> we are seeing variation amongment states. there are 36 states that rely on the federal gough for healthcare.gov. all of these states doing their own exchanges, and some states have been very smart reaching out to young people, trying different techniques. that is starting to pay dividends. i think we're going to watch closely to see which states are winners and which are losers as this rolls out. hopefully, we can do everything we can to make sure that young people in all the states see the benefits. >> thank you. >> thanks for having me. >> despite deep discounts and longer store hours, holiday sales slumped, the decline the first since 2009. spending in stores and on line fell from last year. purchases in stores fell by 9%. about 141 million americans shopped in-stores or on line in the four day span. spending on line today is expected to smash records, though. that's even though many americans will be on the job. it's cyber monday, of course. a survey sho
. >> that's when they might face the tax penalty. california is seeing early success. can that be replicated? >> we are seeing variation amongment states. there are 36 states that rely on the federal gough for healthcare.gov. all of these states doing their own exchanges, and some states have been very smart reaching out to young people, trying different techniques. that is starting to pay dividends. i think we're going to watch closely to see which states are winners and which are...
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>> a medical device tax has had a big impact. medical device tax is going to cost us tens of millions of dollars. how much is going to hurt sales. it will hurt bottom line for sure. that has an impact. we have to find other ways to make up for that difference. overall, the medical business is flat. there's a lot of uncertainty about where the affordable care act is going. there is a lot of consolidation going on in the industry. we do not see companies buying the way they were. we do not see the expansion that we saw a couple of years ago. >> you seem passionate. this is something that i think cory can see as well. you say there is a skill gap in the united states. you are having a hard time finding people with the right skills to fill those jobs. you lacking people who are well- trained in science, mathematics, technology. is this right? >> absolutely. we have built new manufacturing plants where we had to spend significant time training people to get up to speed to still his plans, we had to put in place programs so that we can
>> a medical device tax has had a big impact. medical device tax is going to cost us tens of millions of dollars. how much is going to hurt sales. it will hurt bottom line for sure. that has an impact. we have to find other ways to make up for that difference. overall, the medical business is flat. there's a lot of uncertainty about where the affordable care act is going. there is a lot of consolidation going on in the industry. we do not see companies buying the way they were. we do not...
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Dec 7, 2013
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if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another election or some kind of big economic shock that forces these lawmakers to come together. of these is a big part problem but the senate is becoming a big part of the problem as well. this goes back to politics and the fact that individual lawmakers, republicans specifically are so concerned about challenges from the right instead of having a democrat challenge them that they are not going to cut a deal that makes them look like they are not conservative. weekey only have about a left, anything they will get done? >> there are things they have to get done. this year, we have on a plummet in insurance expiring 41.3 million americans. there is a farm bill that is expiring. you can see shocks in the dairy market. there is also other housekeeping things. another fed governor. there's a lot that needs to be addressed. >> they will be leaving town i
if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another election or some kind of big economic shock that forces these lawmakers to come together. of these is a big part problem but the senate is becoming a big part of the problem as well. this goes back to politics and the fact that individual...
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Dec 8, 2013
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if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another big election or some kind of big economic shock that forces these lawmakers to come together. the house is a big part of the problem but the senate is becoming a big part of the problem as well. this goes back to politics and the fact that individual lawmakers, republicans specifically are so concerned about challenges from the right instead of having a democrat challenge them that they are not going to cut a deal that makes them look like they are not conservative. >> they only have about a week left, will anything they will get done? >> there are things they have to get done. this year, we have unemployment insurance expiring for 1.3 million americans. there is a farm bill that is expiring. you can see shocks in the dairy market. there is also other housekeeping things. we will confirm another fed governor. there's a lot that needs to be ad
if they are going punt on entitlements and taxes, which they're going to do, they will not do it next year either, are they? >> i am starting to believe that none of that can happen meaning structural changes to entitlements until we have another big election or some kind of big economic shock that forces these lawmakers to come together. the house is a big part of the problem but the senate is becoming a big part of the problem as well. this goes back to politics and the fact that...
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clamping down on tax evasion. toss banks are being asked voluntary have a disclosure program with the u.s. department of justice. manus cranny is here. will be the end of swiss banks? >> we have a turning point. from told thousand seven, the u.s. -- from 2007, the u.s. has pursued tax evaders by whistleblowers. we are entering a new spectrum with the u.s. justice department going after them. protecting you are and who you are trying to protect from taxing. with tax a little bit more leniently with you. you have anonymity. the germans are saying, no. the u.s. is going after identity, identity. that is the critical part for the u.s. authorities. invadedlion was being off taxation by u.s. citizens. this is the point. since the whistleblowers' admissions started, citizens are in swiss.have money they declared. you see the amount of money by 70%. 68 tax evaders have been charged. banks have been fined. >> what could be the penalties? >> 16 banks under investigation at the moment. no plea bargaining for them. could face
clamping down on tax evasion. toss banks are being asked voluntary have a disclosure program with the u.s. department of justice. manus cranny is here. will be the end of swiss banks? >> we have a turning point. from told thousand seven, the u.s. -- from 2007, the u.s. has pursued tax evaders by whistleblowers. we are entering a new spectrum with the u.s. justice department going after them. protecting you are and who you are trying to protect from taxing. with tax a little bit more...
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is clamping down on offshore tax evasion. asked buts are being on regulars to participate in a program with american authorities. manus cranny's here at the latest on the story. is this the end of swiss banking secrecy as we know it? >> definitely a turning point. the french and the u.k. all depended on the whistleblower case. with the u.s. goes up in legal battering ram you can be pretty sure the rest will follow. wars on the cards as a department of justice saying listen, you can have a waiver, you can have an exemption, you have to sign up. the regulator and switzerland is saying get on board, get over yourselves. there are 300 banks enough to make the decision with the to join in on a voluntary program with the disclose information or indeed run the risk of quite significant fines and prosecution. >> that is a concern. if you don't sign up now voluntarily, further down the line they could have huge fines. be excluded from doing business in the usa. that is a critical part of the story. >> thank you, manus cranny. brazil's
is clamping down on offshore tax evasion. asked buts are being on regulars to participate in a program with american authorities. manus cranny's here at the latest on the story. is this the end of swiss banking secrecy as we know it? >> definitely a turning point. the french and the u.k. all depended on the whistleblower case. with the u.s. goes up in legal battering ram you can be pretty sure the rest will follow. wars on the cards as a department of justice saying listen, you can have a...
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it would not involve any new tax increases or any major entitlement reforms. even at smaller deal is going to be challenge. they have their own set of issues and critics. one idea is the aviation security fee, hitting a passengers every time if i. the airlines don't like that. they want to see workers contribute more to their retirement plans. democrats don't like that, particularly in maryland and virginia. is timeblicans think it to and some of the benefits. if they can't reach a deal by friday, john boehner may kick the can down the road and pass a temporary spending deal that will get past the holidays. nobody like that option. but it is better than the alternative. back to you. >> tonight on political capital with al hunt, former secretary of state, dr. madeleine andight, will discuss china iran. up next, business competition can be a contact sport. we will meet one ceo who was taken a challenge literally. she takes on her rivals and elbow pads and skates and the pack -- in the fast-paced world of roller derby. that and more when bottom line continues in
it would not involve any new tax increases or any major entitlement reforms. even at smaller deal is going to be challenge. they have their own set of issues and critics. one idea is the aviation security fee, hitting a passengers every time if i. the airlines don't like that. they want to see workers contribute more to their retirement plans. democrats don't like that, particularly in maryland and virginia. is timeblicans think it to and some of the benefits. if they can't reach a deal by...
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taxes on my jean, rental cars. the question is whether the public will eventually repay the money. >> what is the new now? ?> as far as facilities >> or the pushback. >> acting strong pushback. -- i think strong pushback. dan francisco has a new facility, the public is involved and it seems to be working well there. a lot depends on whether you can get mixed use development around the facility. alternately bringing new money into the county or municipality. that alone will depend on whether or not it was successful. >> i believe there is a football game in january and february in three feet of snow in new jersey? >> i'm not to mention the ice hockey game in new jersey as well. the facility -- paid for by taxpayers >> the owners were on the hook. but they sold licensing to the public. in some ways the public is paying for the stadium because they have to buy the right to buy the tickets. >> we talked about how fenway park is 100 years old. the vikings are getting a new stadium. the marlins are getting a new stadium.
taxes on my jean, rental cars. the question is whether the public will eventually repay the money. >> what is the new now? ?> as far as facilities >> or the pushback. >> acting strong pushback. -- i think strong pushback. dan francisco has a new facility, the public is involved and it seems to be working well there. a lot depends on whether you can get mixed use development around the facility. alternately bringing new money into the county or municipality. that alone will...
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incomethan tackling inequality, he has focused on taxing some down. clearly, no easy answers when it comes to this issue. still, it is safe to say this will be a primary focus for the obama administration in the months ahead. back to you. >> united states military is facing more but it cuts. hagel announced today that 200 positions will be eliminated from the office of the secretary of defense, but he said there will not be a large number of immediate layoffs. reductions that i have announced today will occur through a process of natural attrition in order to minimize the impact on our workforce. if the department is forced to one steep sequestration cuts the order of $500 billion, we may need to implement additional reductions. hagel adds that cuts will save about $1 billion over time. coming up, the fed says factories are giving the u.s. economy a boost but the latest beige book data is out. we will look at what else is expanding when "bottom line" on bloomberg television continues in just a moment. ♪ collects welcome back. let's show you how the
incomethan tackling inequality, he has focused on taxing some down. clearly, no easy answers when it comes to this issue. still, it is safe to say this will be a primary focus for the obama administration in the months ahead. back to you. >> united states military is facing more but it cuts. hagel announced today that 200 positions will be eliminated from the office of the secretary of defense, but he said there will not be a large number of immediate layoffs. reductions that i have...
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you make something illegal, you push it underground, you get tax revenue and you stop spending money trying to protect citizens from smoking weed if you make it legal. entertain me for a moment. -- wouldk you would be have to be high to read the whole thing. they went to try to finalize the volcker rule today. >> good segue. >> thank you so much. >> i want to leave you with live pictures that are coming to us from just outside johannesburg from the football stadium in soweto. and south africa pays tribute to nelson mandela. he passed away last week at age 95. ♪ >> this is "bloomberg surveillance." this seventh year of financial crisis, washington says wall street muslims by the vocal role. the customer comes first year it -- comes first. presidents travel to johannesburg to pay respect to the memory of nelson mandela. late,r fedex package is you deserve a refund? this is "bloomberg surveillance ." i'm tom keene. joining me is scarlet fu and alix steel. let's get right to the morning breeze as the ceremonies continue in south africa. >> in china, industrial output rose less than est
you make something illegal, you push it underground, you get tax revenue and you stop spending money trying to protect citizens from smoking weed if you make it legal. entertain me for a moment. -- wouldk you would be have to be high to read the whole thing. they went to try to finalize the volcker rule today. >> good segue. >> thank you so much. >> i want to leave you with live pictures that are coming to us from just outside johannesburg from the football stadium in soweto....
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generally speaking, i think bitcoin has a role to play in countries where citizens face high taxes, high capital controls or confiscation risk. from that point of view that is interesting. >> you have mentioned china. they have come down pretty hard on bitcoin. >> i think so. 70% of the recent turnover in bitcoin exchange basically involved a cnyb on the other side. this has become an object of speculation in china just like other things, even garlic in china. >> people have made comparisons to tulips. there was a professor in the netherlands who made this comparison just this week. you would say no, don't worry about that it, is not a tulip? >> i think right now add today's level, a,000, you can't say clearly it is a bubble. this is where i would disagree with green span. this piece makes that point dwight well. >> david woo disagreeing with allen greenspan. we will be back in two. >> welcome back to "street smart." we had our fifth down day in the market today. trish, you look at where the market closed, the s&p 500 down a half percent. that means we are now down 1.5% over the past fiv
generally speaking, i think bitcoin has a role to play in countries where citizens face high taxes, high capital controls or confiscation risk. from that point of view that is interesting. >> you have mentioned china. they have come down pretty hard on bitcoin. >> i think so. 70% of the recent turnover in bitcoin exchange basically involved a cnyb on the other side. this has become an object of speculation in china just like other things, even garlic in china. >> people have...
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but no mage deer sigses here on taxes or entitlement programs. they're kicking the can down the road. dick doiben the number two senate democrat said negotiations are going in the right direction. >> negotiations are making progress moving in the right direction. they haven't closed the deal. >> they haven't closed the deal. what's needed to close the deal? >> there's some issues out there, sticking points. if they replace the sequester cuts there's going to be criticisms for the idea they put in place. one is asking more federal employees to contribute more to their pension programs. this is adamantly opposed by a ot of federal workers. that's one issue. there are also questions about whether you extend unemployment benefits, emergency unemployment benefits. nancy pelosi would like to see part of the package. but that still is a question mark. it's going to cost about $25 billion. then the bigger question is at the end of the day can whatever ryan and murray put together, can it pass the respective chambers? there's still going to be some drama
but no mage deer sigses here on taxes or entitlement programs. they're kicking the can down the road. dick doiben the number two senate democrat said negotiations are going in the right direction. >> negotiations are making progress moving in the right direction. they haven't closed the deal. >> they haven't closed the deal. what's needed to close the deal? >> there's some issues out there, sticking points. if they replace the sequester cuts there's going to be criticisms for...
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they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either needs, a, a new speech writer or, b, a new policy or preferably both because he can't keep standing up with the same four silly bullets and say that that is going to improve the american economy which is producing the worst economic recovery in the modern era. >> i wouldn't expect you to -- i wouldn't expect you to like three of those four, but the fact that he has consistently talked about lowering the corporate tax -- >> but he didn't talk about that today. >> he did. >> he just talked about closing loopholes. >> he's referencing his plan to lower the corporate rate
they leave out the earned income tax credit, for example. these things are so -- >> you have to look at the report that says all of that stuff. >> we did. that looks much better. jared, let me ask you this. i listened to the president's so-called solution today. he wants to raise the minimum wage, right? he wants more infrastructure spending. he wants to end tax loopholes. he wants more spending. can i just say how totally boring that is? that's all he ever says. the guy either...
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inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has been janet yellen. we're going to get a continuation of bernanke's policies and at least for the near term possibly even an acceleration -- at least versus expectations. people who thought taper was going to be in september, that obviously didn't happen. i don't think taper is happening imminently. spring at the earliest. that's enough probably to keep assets going. having said that, you want to be in careful places. go-go momentum stocks have seen drops -- >> we should be going through and parsing this out. but i'm an index guy. i know i'm not smart enough -- dom dominic, the
inflation is a tax. you lower the inflation rate, that's a cut. oil is a tax. i know the retail stuff is disappointing and dominic's reporting is accurate. on the other hand, the economy is growing at 2%, 2.5%. profits are rising, interest rates are low. you're not going to have the fed slow down in bond buying until march. that's my message from today's retail sales. >> i agree with you. the last part you mentioned is the most important of all. what's really spurred the stock market has...
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start a tax-free business at startup-ny.com. we're open to it. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. but it doesn't usually work that way with health care. with unitedhealthcare, i get information on quality rated doctors, treatment options and cost estimates, so we can make better health decisions. that's health in numbers. unitedhealthcare. you can fill that box and pay one flat rate. i didn't know the coal thing was real. it's very real... david rivera. rivera, david. [ male announcer ] fedex one rate. simple, flat rate shipping with the reliability of fedex. >> when it comes to retail, it's the taim of two cities. they're all about the have's and have-not's. tonight we have a chance to
start a tax-free business at startup-ny.com. we're open to it. in a we believe outshining the competition tomorrow requires challenging your business inside and out today. at cognizant, we help forward-looking companies run better and run different - to give your customers every reason to keep looking for you. so if you're ready to see opportunities and see them through, we say: let's get to work. because the future belongs to those who challenge the present. but it doesn't usually work that...